Ann: Mt Alexander - Drilling Update, page-68

Hi Chang

It's OK to have a whinge sometimes. And yes the SP has stayed flat for years. However you really need to consider the full picture and what's happened behind the scenes over the last few years.

You value a business on it's market cap, not the shareprice. So in actual fact sgq's business has improved 100% in the last few years.

Previous 2-3 years back - SOI (Shares on issue) 250 million @ 10 cps = 25 million MC

Current SOI ~ 500 million @ 10 cps = 50 million MC = 100% increase in business value.


Increased MC happens when the market is impressed with the projects potential, the progress that's been achieved, and the direction that management is steering the company etc.

The foundational groundwork has been implemented for MA over the last few years, and now it's time to progress the busines to the next level, based on those exploration results. And that means an increase in the sp / mc if all unfolds to current expectations.

Exploration is lots of work, then rewards. Like the saying goes.... the only place rewards / success comes before work is in the dictionary.

There's so much that going to unfold in the next 3-6 months and then 6-12 months for St George and it's shareholders. Exciting times!

Cheers
Tradealot

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